LANL will contribute a percentage of the maximum employer contribution toward your monthly premiums for medical and dental coverage. The percentage corresponds to your years of service, as shown below:
| Years of Service Credit | % of Employer Contribution LANL Pays | % of Employer Contribution Retiree Pays |
|---|---|---|
| 10 | 50% | 50% |
| 11 | 55% | 45% |
| 12 | 60% | 40% |
| 13 | 65% | 35% |
| 14 | 70% | 30% |
| 15 | 75% | 25% |
| 16 | 80% | 20% |
| 17 | 85% | 15% |
| 18 | 90% | 10% |
| 19 | 95% | 05% |
| 20+ | 100% | - |
For example, if you had 15 years of service upon retirement, you would pay the full Employee premium for your medical and dental coverage, as well as 25% of the Employer Contribution. With 20 years of service upon retirement, you would only pay the Employee premium for medical and dental coverage.
Note: Vision coverage is not a retiree benefit. However, you may choose to continue Vision coverage into retirement through COBRA (for 18 months). You are responsible for the full premium, plus a 2% administration fee.
